A recurring credit is an automated posting mechanism that shows money owed to the resident based on a pre-set frequency.
For example:
- Harry gets $50 off if he pays by the 1st of the month. I've set up this discount using a recurring credit.
- Francine negotiated a better rate, so I've put in place a recurring credit on her ledger to represent this discount.
- Louis landscapes all the yards on our properties, and therefore I put a recurring credit on his ledger to represent this work in exchange for a lower amount owed.
Add an association owner recurring creditShow
- Navigate to Associations > Ownership accounts page.
- Click the name of the Association Owner you'd like to add a recurring credit to.
- From the account summary page, click the Financials tab.
- Click the Recurring transactions page, then Add recurring credit.
- Add information about the recurring credit.
- Click Save recurring credit or Add another recurring credit.
Edit an association owner recurring creditShow
- Navigate to Associations > Ownership accounts page.
- Click the name of the Association Owner you'd like to edit recurring credits for.
- From the account summary page, click the Financials tab.
- Click the Recurring transactions link, then click the next transaction date corresponding to the credit you'd like to edit.
- Click Edit recurring credit.
- Make your changes.
- Click Save recurring credit.
Delete an association owner recurring creditShow
- Navigate to Associations > Ownership accounts.
- Click the name of the association owner you'd like to remove a recurring credit from.
- From the account summary page, click the Financials tab.
- Click the Recurring transactions link, then click on the date of the recurring credit you want to delete.
- Click Edit recurring credit, then Delete recurring credit.
| Article #: | 112390 |